EU Approves French Shipbuilding Plan

Wednesday, May 17, 2006
The European Commission said it approved a guarantee system planned by the French government to step up investment for its shipbuilding industry. Under the scheme, guarantees will be granted to financial institutions providing loans to French shipyards to finance the construction of large ships with a contract value above $51m. The state guarantee for the loans will reach a maximum of 80 pct. Guarantee premiums will be charged and vary according to the risk on a case by case basis. The premium level will cover the risks of payments and the administrative costs of the scheme, the EU executive added. The commission said the scheme does not constitute state aid and does not threaten to distort competition. (Source: Forbes)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Austal Delivers LCS 8 to US Navy

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June.

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

Coast Guard

Ailing Mariner Medevaced off Alaska

An ailing crewmember aboard the fishing vessel Seafreeze Alaska was medevaced approximately 195 miles north of Cold Bay, Alaska, Thursday.   A Coast Guard Air

More than 2,000 Migrants Rescued at Sea -Italy Coastguard

Ship crews pulled more than 2,000 migrants from overcrowded boats in the Mediterranean on Friday, Italy's coastguard said, as people smugglers stepped up operations

Seven Indonesian Sailors Kidnapped in Philippines

Seven Indonesian sailors have been taken hostage in the Sulu Sea in the southern Philippines, Indonesia's foreign minister said on Friday, the latest in a string

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1219 sec (8 req/sec)